UPDATE 1-Nokia says wins China deals worth over $2 bln

* Signs over $2 bln in distribution deals

* Value of PTAC contract falls for third straight year

* Nokia shares rise 1.8 percent

(Adds details, share price)

HELSINKI, April 1 (Reuters) - The world's largest mobile phone maker Nokia NOK1V.HE said on Thursday it had won handset deals with distributors in China worth over $2 billion.

A spokesman said one agreement was with China PTAC, worth over $1 billion, and the other was with Telling Telecommunication Holding Co. Ltd., also worth over $1 billion.

Nokia usually announces such deals in China once a year. The value of the agreement with PTAC fell for the third straight year, and was down sharply versus the 2009 figure of $1.76 billion.

China was Nokia’s third largest sales area in 2009 with revenues of 6.4 billion euros ($8.6 billion), flat year-on-year.

Nokia shares traded up 1.8 percent at 11.74 euros at 1333 GMT, keeping pace with a firmer Dow Jones Stoxx Technology index .SX8P. ($1=.7414 Euro) (Reporting by Brett Young; Editing by Hans Peters)